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American Resources achieves 99.5% purity of rare earth element neodymium with scalable process

American Resources Corporation (NASDAQ:AREC) CEO Mark Jensen tells Proactive that in conjunction with sponsored research partner Purdue University, the group has successfully achieved a high purity of the rare earth element (REE) — neodymium (Nd).

Jensen says through the recycling of waste permanent magnets, it was able to separate, isolate, and purify the inherent neodymium to a 99.5% purity, a standard required for high-quality permanent magnet manufacturing.

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NASDAQ:AREC

Price: 1.91 USD

Market Cap: $114.72 m

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American Resources Corporation selects site to build its rare earth...

American Resources Corporation (NASDAQ:AREC) (NASDAQ:AREC) CEO Mark Jensen tells Proactive it has finalized its site selection to build its first commercial scale rare earth element (REE) purification and isolation facility in Noblesville, Indiana. Jensen says the Fishers, Indiana-based...

on 08/19/2021

2 min read